Understanding your energy bill…

Dual fuel, fixed, capped, variable, free time…with so many different phrases to do with energy bills it can be difficult to know what is what on your statement each month never mind trying to work out the amount of energy you are using in kWh… whatever that means!

Here’s a few common factors to help you understand how much energy you actually use?

Bill period – So somewhere in the main summary box, usually located on the front of your bill, you will find the billing period. Ensure you make a note of it, so you have a record.

Energy used – This is the important figure, and it will usually be stated in pounds spent. Your bill will also usually specify whether this is based on a meter reading or estimated.

Total – Due to your energy use it’s subject to VAT. There may be extra charges for other reasons.

Usage – Often on the back of your bill, your usage breakdown will usually include kilowatt hours used (kWh), the cost per kilowatt hour and your latest meter reading.

Reading your meter?

To work out how much you’re using in a week, just read your meter, make a note and check again in a weeks time. The most common type of electricity meter is a standard meter giving you clear, mechanical digits to read. Read the digits left to right just take a note of the figures in black.

Using an energy monitor?

You may already be using an energy monitor and if this is the case it’s the best and easiest way to estimate your energy usage. An energy monitor will record exactly how much energy is being consumed by your property. The best energy monitors will also show your spending as well as well as usage, and will link up to your computer.

Paying energy bills by direct debit
You’ll still receive a regular bill if you pay via direct debit – you’re supplier will work out an average cost of how much you spend on energy a year and divvy this up into monthly payments. You could even receive a discount if you pay this way as it ensures income for the supplier, however there are other options of payment.

Compare prices
It’s important to compare prices to ensure you are only paying for what you use. Why not compare the best prices via Give as you Switch and make great savings, you’ll even raise up to £17.50 in free funds for charity whilst you do! That’s what we call a win-win!

Get your quote from Give as you Switch & compare with some of the top retailers online via us & raise free funds for charity!